November 29, 2021
Delicately balanced
Medical schemes in South Africa face the challenge of correctly anticipating rebounding claims costs, but also deteriorating trends in membership and mix.
Insurance
Working to prove their value to customers, insurers are harnessing technology to improve service, pricing and relationships
Life insurance markets are characterised by significant country-by-country variation. Companies are grappling with regulation and the continued but shifting need for effective intermediary distribution.
In P&C insurance engagement models vary with intermediation still vital in commercial, and direct purchase more prevalent in personal lines. Technology is reshaping everything from telematics to geomatics and implicit and predictive pricing through AI. This is driving further disruption, including the potential for risk capabilities to be delivered outside insurance.
NMG Consulting works with P&C and life insurers to help them differentiate through innovation whilst skillfully managing regulatory change and intermediary relationships.
To access NMG’s deep pool of insurance expertise contact one of our key consultants below.
Related Knowledge
November 15, 2021
Green shoots for life risk advice
After a long period of decline, there are – at last – prospects for a better future for the advised life risk industry in Australia (and thus also customers)
OUR PEOPLE
Mark Prichard
CEO
Industry:
Mark heads up NMG Consulting, and is a co-founder of the NMG Group. Across a global scope, he helps NMG’s insurance and reinsurance clients with business strategy, performance benchmarking, and distribution strategies.
Sydney
Jane Cheng
Partner
Industry:
Jane has responsibility for the delivery of NMG’s global reinsurance studies and life insurance analytics in Australia. She works with insurers and reinsurers on strategy consulting assignments across Australia, Asia, Europe and…
London
Stephen Collins
Global Partner
Industry:
Steve leads NMG’s UK & EMEA practice based in London. He has deep consulting experience in life insurance and reinsurance, with clients across a broad spectrum including private equity. Steve’s unique expertise…
London